Azerbaijan's integrated drilling and oil services management company, SOCAR AQS, opened 40 wells to expand the storage capacity of the Salt Lake (Tuz Gölü) Natural Gas Storage Facility in central Anatolia, head of SOCAR AQS said on May 27.
Around $103 million will be invested for storage expansion at the Salt Lake facility, SOCAR AQS Director General Ramin Isayev told Anadolu Agency.
Relations between Azerbaijan and Bulgaria have been demonstrating positive dynamics over the recent years. There are plenty of spheres where the countries can implement joint projects and use potential of both countries for further development of economic cooperation, especially within the energy field, writes MENAFN.
Azerbaijan and Bulgaria are eager to expand cooperation in all fields, where the sides see great potential, in order to achieve more visible results, Nikolay Yankov, Bulgarian Ambassador to Azerbaijan, reports Azernews.
The ambassador stressed that great cooperation in the energy field is already established between the states.
Azeri state energy company SOCAR has decided to acquire the energy business of Germany's EWE in Turkey, taking part in the natural gas distribution business in the country for the first time.
Turkish gas distributor Palmet is in talks to acquire the Turkey energy business of Germany's EWE, an official from Palmet said on Jan. 17, after Azeri state firm SOCAR confirmed it had withdrawn from discussions to buy the assets.
Azeri energy firm SOCAR is in advanced talks to acquire the energy business of Germany's EWE in Turkey by the first quarter of 2019, an official for SOCAR and two sources familiar with the deal have said.